Tag Archives: Production Sharing Agreement (PSA)

Former Finance Minister Winston Jordan on Sunday urged the Guyana government to formally ask ExxonMobil to renegotiate the 2016 Production Sharing Agreement (PSA), even as he accused President Irfaan Ali and Vice President Bharrat Jagdeo of flip-flopping. “I see nothing wrong in writing to Exxon, initiating the process of renegotiating the contract. Until you do that, you do not know ...

ExxonMobil Guyana’s President, Alistair Routledge on Wednesday almost totally ruled out any renegotiation of the Production Sharing Agreement (PSA) because it would adversely impact on the company’s planned US$55 billion investment in Guyana. “We have no interest to invoke that Article. As I say, we’ve made US$55 billion worth of commitment to the country. To go back and to undermine ...

The People’s National Congress Reform/A Partnership for National Unity’s (PNCR/APNU) 20-point plan, including to seek a revision of the Production Sharing Agreement (PSA) with ExxonMobil Guyana and obtain a parent company guarantee for an oil spill clean-up, has been lauded by United States-based commentator and professor, Terrence Richard Blackman. Dr Blackman, who is also an analyst on a range of ...